Introducing The Zcash ETF (ticker: ZCSH), the world's first and only exchange-traded fund offering dedicated exposure to ZEC, the native cryptocurrency of the Zcash network*.
Built by Grayscale, ZCSH is the evolution of an investment vehicle originally launched in 2017 (a year after the Zcash network itself). Now, with close to 10 years of operating history and approximately $260 million in assets**, ZCSH becomes the first US-listed exchange-traded fund to bring dedicated ZEC exposure to investors directly in their brokerage accounts.
Bitcoin demonstrated the value of decentralized money. Zcash builds on that success by bringing privacy to cryptocurrencies. Using zero-knowledge cryptography, Zcash lets users transact with Bitcoin-like design and shielded balances. Shielded transactions at times have accounted for more than 50% of user transactions***. As AI-driven data analysis and digital payments expand, that privacy layer will only matter more.
The Zcash ETF ("ZCSH"), an exchange-traded product, is not registered under the Investment Company Act of 1940 ("40 Act") and therefore is not subject to the same regulations and protections as 40 Act-registered ETFs and mutual funds. An investment in ZCSH is subject to a high degree of risk, heightened volatility, and is not suitable for an investor who cannot afford the loss of their entire investment. An investment in ZCSH is not a direct investment in ZEC.
Why ZCSH?
First to Market. Years in the Making. ZCSH is the evolution of an established ZEC investment vehicle, bringing almost 10 years of operating history and a sizable existing asset base.
Bitcoin's Blueprint. Zcash's Own Path. Zcash began with Bitcoin's open-source code, then added optional privacy through innovative zero-knowledge cryptography. For investors looking beyond crypto's established leaders, ZCSH offers an efficient way to gain exposure to the token's potential growth and for adding portfolio diversification.
Convenient Exposure Through a Traditional Vehicle. Available through many traditional brokerage and investment accounts, ZCSH provides exposure to ZEC without requiring investors to buy, store, or safeguard the token directly.
* First and only US-listed ETF dedicated solely to ZEC as of August 22, 2026.
** As of August 22, 2026.
*** Blockworks Analytics, Zcash: Transactions, October 6, 2024-June 28, 2026.
This information must be preceded or accompanied by a prospectus, which may be obtained by clicking here. Please read the prospectus carefully before investing in The Zcash ETF (the "Fund").
Investing in digital assets involves significant risk and heightened volatility, including possible loss of principal. An investment in the Fund is not suitable for all investors, may be deemed speculative and is not intended as a complete investment program. An investment should be considered only by persons who can bear the risk of total loss associated with an investment in the Fund.
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.
There is no guarantee that a market for the shares will be available which will adversely impact the liquidity of the Fund. The value of the Fund relates directly to the value of the underlying digital assets, the value of which may be highly volatile and subject to fluctuations due to a number of factors. Digital assets represent a new and rapidly evolving industry. The value of the Fund depends on the acceptance of digital assets, the capabilities and development of blockchain technologies and the fundamental investment characteristics of the digital asset.
Foreside Fund Services, LLC is the marketing agent for the Grayscale ETPs.
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